IT service aggregator HCL Infosystems on Wednesday announced a strategic partnership with Parablu, a cloud data protection and management solutions provider.

Under the partnership, HCL Infosystems will offer Parablu's products and solutions including BluVault, a powerful data backup solution that protects on-premise data by backing it up to the Cloud. This technology enables enterprises to store business assets in the cloud while maintaining privacy, security and confidentiality of data.

This partnership is in line with HCL Infosystems' focus on the Enterprise space and strengthening competencies in digital technologies such as Cloud, IOT and Analytics, to help its clients attain competitive advantage in today's dynamic business landscape.

"Our mission of helping enterprises to move securely to the cloud will now be accelerated with this strategic partnership. We are excited that this partnership will enable enterprises to fully leverage their Microsoft Office 365 subscriptions while taking advantage of BluVault to make their data totally secure on the cloud," added Anand Prahlad, CEO, Parablu.

According to industry reports, the cloud storage market size is estimated to grow from USD 23.76 Billion in 2016 to USD 74.94 Billion by 2021, at a CAGR of 25.8 percent from 2016 to 2021. Factors such as high demand for hybrid cloud storage, growing need for enterprise mobility, and need for easy implementation of cloud storage solutions are fueling the growth of the cloud storage market.

On the other hand, the Cloud backup market size is expected to grow from USD 1.30 Billion in 2017 to USD 4.13 Billion by 2022, at a CAGR of 26.1 percent, driven by huge volume of data generation, lower costs and greater efficiency than on-premises backup, and growing adoption of SaaS.

BluVault,Parablu's next-generation secure endpoint data

backup solution lets enterprises maximise utilisation of their Microsoft OneDrive for Business subscriptions while providing complete scalability across geographies and locations.

BluVault works in tandem with Parablu's Privacy Gateway solution - BluKrypt - which fully obfuscates the data stream using the customer's encryption keys before writing it to the OneDrive cloud - making the security even more robust.